Midweek strength

US equity indexes closed very significantly higher, SPX +63pts (1.6%) at 4155. Nasdaq comp' +2.6%. Dow +1.3%. The Transports settled +1.0%. R2K +1.5%.

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, and battled upward into the afternoon.

Meanwhile...

 

 

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The afternoon saw further upside to break a new cycle high of sp'4167, and settling at 4155.

Volatility was ground lower, the VIX settling -8.3% to 21.95. Thursday should be 'interesting', not least with the latest weekly jobs data.
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Next full moon is August 11th

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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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Tuesday Touchdown in Taiwan

US equity indexes closed on a weak note, SPX -27pts (0.7%) at 4091. Nasdaq comp' -0.2%. Dow -1.2%. The Transports settled -2.4%. R2K -0.1%.

SPX - daily

VIX - daily

Summary

The day began with...

Bill 'no stops' Ackman playing along with the Biden admin', and the rest of the mainstream media hacks, there the US economy is not in recession. I hope the guy is using margin, and loses everything into 2023. Its all he deserves for such overt lies.

US equities opened on a moderately weak note, not helped with concern about Pelosi traveling to Taiwan...

... as hundreds of thousands watched a little plane travel across the map, from Malaysia to Taiwan.

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Speaker Pelosi is the first elected US official to visit Taiwan in some 25 years.
I have to wonder what the CCP will do in the months ahead.
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With Pelosi landing without incident, equities recovered, with the SPX printing 4140. The afternoon saw considerable chop, if leaning rather weak into the close.

Volatility remained subdued, the VIX printing 24.68, if cooling back to settle +4.8% to 23.93.
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Next full moon... August 11th

–

Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
--

 

If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com

Monday chop

US equity indexes closed a little weak, SPX -11pts (0.3%) at 4118. Nasdaq comp' -0.2%. Dow -0.1%. The Transports settled +0.2%. R2K -0.1%.

SPX - daily

VIX - daily

Summary

US equities saw early weakness, but then a swing upward to print a new cycle high of 4144. The afternoon saw renewed weakness, if only settling a little lower. Volatility picked up a little, the VIX settling +7.1% to 22.84.

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Next full moon is August 11th

–

Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
--

 

If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com